Engineering Tech, Construction
PR Newswire | January 08, 2024
Driven by operational excellence and innovation, QMB proudly introduces its new cutting-edge line of products and movable barrier services across North America.
Three Decades of Expertise
QMB's evolution from a turnkey movable barrier operator and product distributor to an innovative manufacturer of specialized roadway safety products stands as a testament to three decades of passion and meaningful industry relationships. While QMB's sister company Versilis is well established as a leading manufacturer of automated gates and highway warning systems, it is no surprise that QMB is looking to bring its own wealth of experience to the market.
Certified MASH TL-3 Crash Testing Success
Amidst a busy year, QMB achieved certified MASH TL-3 crash testing for three groundbreaking products: The QUASH™ water-filled non-redirective crash attenuator, the TALL42™ Movable Barrier, and the HP-LOCK™ Portable Concrete Barrier. Comprehensive details, features, visuals, and videos are available on the new company website www.qmbsafety.com.
QMB looks forward to gaining FHWA eligibility and state DOT approvals in 2024.
Innovative Offerings and Turnkey Solutions
While the QUASH™ attenuator and HP-LOCK™ technology will be available through distribution networks, QMB aims to provide turnkey solutions to movable barrier clients, covering mobilization, operation, and maintenance. This service guarantees optimized operation and efficiency, ultimately driving cost savings and ensuring peace of mind for clients.
Marc Seguin, QMB's VP, enthusiastically shares, "This is an exciting new chapter in our history, and our team is fired up and ready for what's ahead.''
Engineering Tech, Construction
Business Wire | February 01, 2024
Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.
As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025.
Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”
PR Newswire | January 04, 2024
CemAI, Inc. has teamed up with Continental Cement Company L.L.C.'s (Continental Cement) Hannibal, MO plant to install CemAI's predictive and prescriptive maintenance solution, combining a unique licensed software with a continuous monitoring and incident resolution service to further enhance its cement manufacturing performance."
The CemAI solution uses Continental Cement's existing historical and real-time manufacturing data and applies machine learning, artificial intelligence and remote monitoring by cement experts to complement the expertise of Continental's local plant maintenance and reliability teams. This robust solution brings plant maintenance into the digital age."
"We considered a number of approaches to utilizing our data to improve our maintenance efforts, eliminate downtime and increase equipment reliability," says Timothy J. Noud, Vice President of Manufacturing at Continental Cement. "CemAI offers a cement-centric, end-to-end machine learning/artificial intelligence service solution."
Continental Cement has built its business on consistent quality, superior service, and delivering a safe working environment since they began producing cement at their Hannibal location in 1903. A leader in innovation and sustainable cement production, Continental Cement provides high quality cement for projects along the Mississippi corridor and is a subsidiary of Summit Materials, Inc. "
"CemAI is proud to be collaborating with an industry leader on innovative ways to use data," says Scott Ziegler, Chief Executive Officer for CemAI. "We thank Continental Cement for their confidence in the CemAI solution to provide increased efficiency, improved reliability and optimized operations."